Table of Contents
Projects Are Strategic Investments
Value Still Matters
The Fundamentals Of Business Haven’t Changed
The Need To Quantify Business Results
Modern Day Challenges
Professional Development Game Plan For Success
Strategic Planning – The Foundation For Success
Where Did The Planning Process Go?
The Consequences Of Inadequate Planning
Project Value Alignment With Corporate Strategy
Project Value Alignment With Departmental Strategy
The Leadership Component – More Important Now Than Ever
Professional Development Game Plan For Success
Re-defining The Project Management Lifecycle Approach
The Project-Driven Organization
All Project Have A Lifecycle
Concept Phase
Initiation Phase
Planning Phase
Execution Phase
Controlling
Closeout Phase
Major Shortcomings To This Traditional Lifecycle Approach
The Value-Centric Project Lifecycle Methodology
The Value Attainment Phase
Now the Project Closeout Phase
Professional Development Game Plan For Success
Value Attainment Begins And Ends With The Business Case
The Business Case – The Driving Force Of The Project
A Living Document That Drives Business Value
Approaching The Business Case
Professional Development Game Plan For Success
Effective Stakeholder Management Drives Value
Stakeholders – The Right Team Makes A Difference
Project Sponsor – The Buck Stops Here
Clearly Defining Stakeholder Participation
RASCI Charts To Further Stakeholder Responsibilities
Effective Stakeholder Communications To Drive Value
Professional Development Game Plan For Success
Value Metrics – You Can’t Manage What You Can’t Measure
Applying Value Metrics To Your Projects
Importance Of Labor Metrics In Creating And Sustaining Business Value
Common Value Metrics
Cost Savings Metrics
Business Growth Metrics
Time-Related Metrics
Performance Metrics
Quality Metrics
Professional Development Game Plan For Success
Untapping The Full Value Potential Of Your Projects
Identifying All Of The Appropriate Value Metrics
The Value Metrics Framework
Establish Baseline Metrics
Perform Gap Analysis against Benchmark Data
Determine Target State Value Metrics
Develop Project Solutions around the Target Value Metrics
Refine and Prioritize
Effective Tools And Techniques For Establishing Value Metrics
Interviews
Focus Groups
Data Request Forms
Brainstorming Sessions
Process Maps
Other methods, as needed
Professional Development Game Plan For Success
You Need To Know All The Costs To Accurately Determine The Benefits
Everything Has A Cost
Direct and Indirect Costs
Fixed, Variable and Mixed Costs
Recurring and Non-recurring costs
Professional Development Game Plan For Success
Project Benefits – ROI Contributors And Value Enablers
The Benefits Must Outweigh The Costs
Re-defining Project Benefits
Cost Avoidance And Revenue Protection – ROI Contributors Or Value Enablers?
Evaluating All Possible Outcomes To Determine The Best Project Solution
The Weighted Attribute Scoring Approach to Evaluating Project Solutions
Professional Development Game Plan For Success
Building Cash Flow Models To Setup The ROI Measurements
Concepts That Project Professionals Must Understand
Cash Flow Modeling
Cash Flow Modeling Words of Caution
Time Value Of Money
Compounding
Discounting
Weighted Average Cost Of Capital (WACC)
Depreciation
Income Tax
Discounted Cash Flow (DCF)
Professional Development Game Plan For Success
ROI Financial Measurements
ROI Is Just One Component In The ROI Evaluation
Net Present Value (NPV)
Return On Investment (ROI)
Internal Rate Of Return (IRR)
Payback Period
Sensitivity Analysis To Evaluate Changing Business Variables
Professional Development Game Plan For Success
Achieving Optimal Results In The Value Attainment Phase
Measuring, Achieving And Optimizing Business Value Is A Formal Process
Developing The Value Attainment Plan
Executing The Value Attainment Plan To Achieve Results
Professional Development Game Plan For Success
From Project Closure To Continuous Value Improvement
Beyond The Typical Lessons Learned
Value Attainment Doesn’t Stop!
Professional Development Game Plan For Success
